Hadoop is a distributed processing technology used for Big Data analysis. Hadoop market is expanding at a significant rate, as Hadoop technology provides cost effective and quick solutions compared to traditional data analysis tools such as RDBMS. The Hadoop Market has great future prospects in trade and transportation, BFSI and retail sector. Global Hadoop market was valued at $1.5 billion in 2012, and is expected to grow at a CAGR of 58.2% during 2013 to 2020 to reach $50.2 billion by 2020.
The major drivers for the market growth is the growing volume of structured and unstructured data, increasing demand for big data analytics and quick and affordable data processing services offered by Hadoop technology. Distributed computing and security issues in Hadoop Platform are acting as major restraints for growth of this market. Global Hadoop Market, on basis of product, is segmented into software, hardware and services. The services segment is the major contributor in the overall global Hadoop market revenue throughout the forecast period.
Hadoop software market is further categorized into application software, packaged software, management software and performance monitoring software. Application software currently is the largest segment in the global Hadoop software market. Major reason for such high revenue is its increasing implementation by developers to build real time applications.
Hadoop Hardware Market is segmented into servers, storage and network equipment market. Storage market generates the largest revenue in the overall Hadoop Hardware market. Technological advancement has led to more data generation; simultaneously, increasing amount of storage space required is resulting in the growth of Hadoop Hardware Storage market.
Hadoop Services market is sub-segmented into consulting services, Hadoop training and outsourcing services, integration and deployment services, and middleware and support services market. Consulting services market generates the largest revenue in the overall Hadoop services. The major factor contributing to this revenue is, increase of Big Data analytics in decision making and enterprise wide adoption of Hadoop technology.
Global Hadoop Market is also segmented based on end-user application in various sectors such as manufacturing, BFSI, government sector, retail, trade and transportation, IT and ITES, media and entertainment, healthcare, hospitality and telecommunication. Hadoop technology deployment in government sector currently generates the largest revenue compared to other sectors. Governments have to handle large amount of data pertaining to the population, and implementing Hadoop technology for data analysis provides quick and cost-effective solutions for the same.
North America currently is the largest revenue generating geography in the Global Hadoop Market. Majority of Hadoop distribution organizations and technology vendors are located in North America. Asia Pacific region will have the fastest growth rate during the forecast period owing to its large IT services industry base.
The major companies included in this report are Amazon Web Services, Cisco Systems, Cloudera, Inc., Datameer, Inc., Hortonworks, Inc., Karmasphere, Inc., MapR Technologies, Pentaho Corporation, Teradata Corporation and MarkLogic.
The global Hadoop market is segmented based on product, end user application and geography.
Market by Product
MARKET BY END-USER APPLICATION
MARKET BY GEOGRAPHY
Hadoop market is highly booming, as it provides cost effective and fast data processing of Big data analytics over conventional data analysis tools. It was observed that Hadoop Market has better future prospects in trade and transportation, BFSI, retail and other sectors, and maximum growth potential in European Market. Huge expansion in raw structured and unstructured data and increasing demand for Big data analytics act as the major driving factors for Global Hadoop Market. Hadoop provides a much better solution over RDBMS (Relational Database Management System) and other traditional tools both in terms of the costs involved and overall time required for data analysis.
This market research report is an effort to provide the clear picture of the state of the market and sub markets over the next seven years. The report provides micro level analysis of the factors affecting the market, key market trends and industry drives and challenges for the better understanding of the market structure. The presentation of the market dynamics, competitive scenario and developments will enable marketers to aptly design their growth strategies and have competitive edge. Moreover, assessment of the top investment pockets and winning strategies will help in channelizing their investments in the right directions to garner better proceeds.